Adyen (OTCMKTS:ADYEY) Reaches New 52-Week Low – Time to Sell?

Shares of Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) hit a new 52-week low during trading on Thursday . The company traded as low as $9.4950 and last traded at $9.4950, with a volume of 82655 shares trading hands. The stock had previously closed at $9.96.

Analysts Set New Price Targets

Several research analysts recently commented on ADYEY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Adyen in a report on Friday, January 9th. Wolfe Research upgraded Adyen from a “hold” rating to an “outperform” rating in a research report on Thursday, January 8th. Cantor Fitzgerald assumed coverage on Adyen in a report on Monday, January 26th. They issued an “overweight” rating for the company. Finally, KeyCorp upgraded Adyen to a “strong-buy” rating in a research report on Friday, January 23rd. Three equities research analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Adyen Price Performance

The business’s fifty day moving average price is $11.95 and its 200-day moving average price is $14.75.

Adyen Company Profile

Adyen is a global payments technology company that provides an end-to-end platform for accepting and processing electronic payments across online, mobile and point-of-sale channels. Its core services include payment gateway and acquiring capabilities, fraud prevention and risk management, settlement and reconciliation, and tools for recurring and marketplace payments. The platform is designed to consolidate multiple payment functions into a single integration, enabling merchants to accept a wide range of local and international payment methods and currencies.

Founded in 2006 and headquartered in Amsterdam, Adyen was established by Pieter van der Does and Arnout Schuijff to simplify cross-border payments for international merchants.